I guess he didn't have enough time to spend it all so he decided to give the $12 million dollars back. As reported on www.electronicaccountant.com, Michael Kopper, 37, the right-hand man to Enron's former CFO Andrew Fastow, pleaded guilty two weeks ago to money laundering and wire fraud. As part of the plea agreement, Kopper will turn over $12 million in illegal profits and cooperate with the government's continuing Enron investigation. Kopper, former managing director of Enron Global Finance had left Enron to run one of several partnerships created by Fastow.
What shocked me wasn't that he pleaded guilty, but that at 37, he had accumulated $12 million dollars from some of his dealings within Enron. I am sure, he is not the only one who will be caught and convicted. The sums involved are absolutely staggering.
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